Filing Flows › Phoenix Energy One, LLC (PHXE-P) › Q1 2026
Phoenix Energy One, LLC (PHXE-P) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Phoenix Energy One, LLC (PHXE-P) reported revenue of $299M for the first quarter 2026 (Q1 2026), +158% from a year earlier and +37% from the quarter before. Operating margin was 30.7%, net loss $140M (46.9% of revenue).
Phoenix Energy One, LLC, Q1 2026: revenue $299M (+158% year over year), operating margin 30.7%, net loss $140M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $299M | +37% | +158% |
| Operating profit | $91.8M | +111% | +135% |
| Net earnings | −$140M | -520% | -2603% |
| Operating cash flow | $104M | -6% | +554% |
What changed
Revenue was $298.7M in Q1 2026, up 158% year over year and up 37% from the previous quarter. Product was the largest line at 61% of revenue. Product added $97.3M year over year (up 115%), 53% of the total change.
Operating profit was $91.8M, a 30.7% margin (down 3.1 points year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, below the 34% margin then. Total costs grew 170% against revenue growth of 158%. The fastest-growing cost line was Other operating costs (+266%). The quarter ended with a net loss of $140.1M, after a profit of $33.3M the previous quarter. Net interest and other expense of $232.0M was the main reason.
Operating cash flow was $103.8M (up 554% year over year). Non-cash charges added back $60.2M of depreciation and amortization and $68K of share-based compensation. Working capital and other items added $183.6M.
Questions
What was Phoenix Energy One, LLC's revenue in the first quarter 2026?
Phoenix Energy One, LLC (PHXE-P) reported revenue of $299M for the first quarter 2026 (Q1 2026), +158% from a year earlier and +37% from the quarter before.
Was Phoenix Energy One, LLC profitable in the first quarter 2026?
Operating profit was $91.8M (30.7% of revenue) and net loss $140M.